Buying a New Home in Gloucester can be different from buying a second-hand property. Since you are buying from a house builder that handles hundreds of house sales every year, you will be expected to exchange contracts within their time frame.
This guide provides step by step advice to achieve the tight deadlines expected, as long as you follow the bullet points you should exchange within 28 days and not lose your plot.
Upon signing the reservation, you should ensure the following:
- Your solicitor is aware of and capable of achieving the deadline. We suggest that you use one of our recommended solicitors that are familiar with the local area and are capable of meeting the 28 day exchange date.
- Send all signed paperwork/ID and fees back to your solicitor within 48 hours to avoid delay.
- Ensure your financial advisor / lender is aware and capable of achieving the deadline. If in doubt ask for no obligation mortgage advice from Warren & Co.
- Send all signed paperwork/ID and fees to your financial advisor / Building Society within 48 hours
- If you have sold your own property in order to proceed with the purchase, ensure that your estate agent is aware and geared up for the deadline and that they have let the other agents in the chain know the deadline.
- Chase your solicitor, estate agent and lender on a regular basis to ensure that the transaction is proceeding smoothly and quickly.
IF IN DOUBT SPEAK TO MICHAEL TUCK NEW HOMES
Michael Tuck New Homes in Gloucester will be monitoring the purchase very closely and will contact you if we feel that anything is causing an undue delay. We are here to progress the sale as quickly as possible, if you have any problems or questions please feel free to contact New Homes Team on 01452 726433.
When buying a new home which is in the course of construction it is normal practice for the builder to insist upon an exchange with a completion subject to 14 days notice. This means that you may not have a confirmed moving date until 14 days beforehand.